Ed Seykota’s Whipsaw song

The classic song from legendary commodities trader Ed Seykota. Learn the words and sing to yourself once in a while!

The Whipsaw Song

You get a whip and I get a saw, honey
You get a whip and I get a saw, babe
You get a whip and I get a saw
One good trend pays for ‘em all.
Honey, trader, baby mine.

Banjo (Ride Your Winners):
Now What do we do when we catch a trend, honey
What do we do when we catch a trend, babe
What do we do when we catch a trend
We ride that trend right to the end
Honey, trader, baby mine

Mandolin (Cut Your Losses):
Well What do we do when we show a loss, honey
What do we do when we show a loss, babe
What do we do when we show a loss
We give that dag-gone loss a toss.
Honey, trader, baby mine.

Fiddle (Manage Your Risk):
Hey How do we know when our risk is right, honey
How do we know when our risk is right, babe
How do we know when our risk is right
We make a lot of money and we sleep at night.
Honey, trader, baby mine.

Guitar (Use Stops):
What do we do when the price breaks through, honey
What do we do when the price breaks through, babe
What do we do when the price breaks through,
Our stops are in so there’s nothing to do.
Honey, trader, baby mine.

Bass (Stick to the System):
What do we do when a draw down comes, honey
What do we do when it gets real big, babe
What do we do when it’s even bigger
We stick to the plan and pull the trigger.
Honey, trader, baby mine.

Banjo (File the News):
Now What do we do with a hot news flash, honey
What do we do with a hot news flash, babe
What do we do with a hot news flash,
We stash that flash right in the trash
Honey, trader, baby mine.